Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
Offences by Officers in Liquidation: S. 336
Offences by officers in liquidation are listed in section 336 of the Companies Act, 2013, punishable with imprisonment of three to five years and a fine.
Liability for Fraudulent Conduct of Business: S. 339
Liability for fraudulent conduct of business under section 339 of the Companies Act, 2013 makes a person personally responsible for a company's debts.
Summary Procedure for Liquidation: Section 361
Summary procedure for liquidation under section 361 of the Companies Act, 2013 applies to companies with assets of book value up to one crore rupees.
Powers of an Official Liquidator: Section 360
The powers of an Official Liquidator sit in section 360 of the Companies Act, 2013: prescribed duties, a Company Liquidator's powers, directed inquiries.
Grounds for Winding Up by Tribunal: Section 271
Section 271 of the Companies Act, 2013 lists five grounds for winding up by tribunal, from a special resolution to just and equitable. Read them as printed.
Who Can File a Winding Up Petition: Section 272
Section 272 of the Companies Act, 2013 names six classes who can file a winding up petition, and section 273 gives the Tribunal five orders on receiving one.
Statement of Affairs in Winding Up: Section 274
A statement of affairs in winding up is what section 274 of the Companies Act, 2013 directs a company to file in thirty days, on pain of losing its defence.
What Is a Company Liquidator? Section 275
A Company Liquidator is the person the Tribunal appoints under section 275 of the Companies Act, 2013 to conduct a winding up. Section 276 governs removal.
Powers of a Company Liquidator: Section 290
Section 290 of the Companies Act, 2013 lists fourteen powers of a Company Liquidator, and sections 292 and 343 set out who controls how they are exercised.
Effect of a Winding Up Order: Section 278
The effect of a winding up order under the Companies Act, 2013: it binds all creditors and contributories, stays suits, and discharges the company's employees.
What Is a List of Contributories? Section 285
A list of contributories is settled by the Tribunal under section 285 of the Companies Act, 2013, fixing who must contribute to a company in winding up.
Preferential Payments in Winding Up: Section 327
Preferential payments in winding up are set by sections 326 and 327 of the Companies Act, 2013, and neither applies to a liquidation under the IBC.
The Smart Money Digest
A free weekly email of notable disclosure activity — every line with its filing date and source link. No advice, just filings. Unsubscribe anytime.